Managing economic volatility in Latin America /

Managing economic volatility in Latin America / editors: Gaston Gelos and Alejandro Werner. - 1 online resource (198 pages) : illustrations

Includes bibliographical references and index.

pt. I. Capital flows and Dutch disease: Worrying about Currency Appreciation? The missing link between Dutch disease and growth -- pt. II. Assessing reserve adequacy and current account levels: international reserve adequacy in Central America, Estimating current account norms in Latin American emerging markets, a quantile regression approach -- pt. III. The role of macroprudential policies and exchange rate regimes: Brazil's experience in managing capital Inflows, the role of capital controls, The impact of external developments on emerging market and developing economies, the role of exchange rate flexibility -- pt. IV. Fiscal policy: Public debt targeting, an application to Caribbean countries -- pt. V. Monetary policy and dedollarization: What is driving financial dedollarization in Latin America? Interest rate and exchange rate channels in dollarized and non-dollarized economies.

How has Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis? Managing Economic Volatility in Latin America looks at how the region has fared in recent years in an environment of uncertainty. It presents a collection of novel contributions on capital flows, terms of trade, and macroeconomic policy in Latin America. The rigorous expert analysis offers an up-to-date guide to many of the key economic policy questions in the region. Chapters focus on important analytical issues, including assessing reserves adequacy and current account levels. The roles of macroeconomic policies and exchange rates regimes in coping with large capital inflows are examined, as well as the effectiveness of both monetary policy and fiscal policy in dealing with economic challenges in the region.

9781475565966 1475565968

10.5089/9781475565966.071

2013487815


Capital movements--Latin America.
Foreign exchange reserves--Latin America.
Foreign exchange rates--Latin America.
Fiscal policy--Latin America.
Monetary policy--Latin America.
Mouvements de capitaux--Amérique latine.
Réserves de change--Amérique latine.
Taux de change--Amérique latine.
Politique fiscale--Amérique latine.
Politique monétaire--Amérique latine.
BUSINESS & ECONOMICS--Economics--General.
BUSINESS & ECONOMICS--Reference.
Capital movements
Fiscal policy
Foreign exchange rates
Foreign exchange reserves
Monetary policy


Latin America

HG3881 .G384 2014

330.9

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